Geomaque resists merger
The management of Geomaque Explorations (TSE) is asking shareholders to resist attempts by Great Lakes Minerals (TSE) to merge the two companies, telling them their share value would drop as a result….
The management of Geomaque Explorations (TSE) is asking shareholders to resist attempts by Great Lakes Minerals (TSE) to merge the two companies, telling them their share value would drop as a result….
Yet another Canadian-based gold producer has begun searching for the yellow metal in West Africa.Hemlo Gold Mines (TSE) is earning a 72% share of Birim Goldfields’ (CDN) 90%-held Dunkwa gold property …
Parent company Placer Dome (TSE) has raised its offer for all the shares of Equity Silver Mines (TSE) that it does not already own.The major is offering to buy the minority shares for 85 cents, up fro…
Financing for the previously announced purchase of a 50% back-in option and a buy-back of a 3% royalty interest on the San Francisco gold property has been arranged by Geomaque Explorations (TSE).Geom…
An initial drilling program is under way at the Golden Hill project, situated within the 2,000-sq.-km Florencia-Jobabo concession near Camaguey, Cuba.Partners Mill City Gold Mining (VSE) and MacDonald…
Wednesday, June 7Week’sPrice (US)ChangeGold*$384.65+$0.40Silver*$5.34+$0.04Platinum*$432.15-$1.95Nickel**$3.51+$0.10Lead**$0.27-$0.01Copper $1.30+$0.01Zinca$0.45-$0.01…
The University of Toronto has bestowed an honorary degree on renowned mining executive Peter Munk.The chairman and chief executive officer of Barrick Gold was awarded an honorary doctorate of law duri…
Short positions outstanding at May 15, 1995.Larger individual positions included: Aber Res. 48,500; Agnico-Eagle 108,080; Asia Pacific 75,000; Baja Gold 71,500; Bema Gold 1,047,100; Breakwater 287,800…
Talks of mergers and acquisitions by resource-sector companies and others helped the TSE 300 composite climb for the fourth week in a row. Over the 5-day report period ended June 6, the TSE 300 compos…
Soil results from a property in southwestern Zimbabwe have junior Trillion Resources (TSE) thinking diamonds.Soil sampling on the Sansukwe Exclusive Prospecting Order (EPO 790), which Trillion operate…
The oxide resources of the Tonkin Springs project in central Nevada are 4 million tons averaging 0.033 oz. gold per ton. Incorrect figures appeared in our June 5 issue.The project is being examined by…
The Trenton Canyon gold project of Santa Fe Pacific Gold (TSE) will undergo development.Situated 11 miles south of the company’s Lone Tree gold mine in northwestern Nevada, Trenton Canyon has yet to r…
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